Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX – Get Free Report) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $133.40.
FMX has been the topic of several recent analyst reports. StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. Barclays lowered their price objective on Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. cut Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $104.00 to $109.00 in a research report on Monday, September 23rd.
Check Out Our Latest Stock Report on FMX
Institutional Investors Weigh In On Fomento Económico Mexicano
Fomento Económico Mexicano Stock Performance
Shares of FMX opened at $98.32 on Friday. Fomento Económico Mexicano has a 52-week low of $97.90 and a 52-week high of $143.43. The stock’s 50-day simple moving average is $105.37 and its 200 day simple moving average is $113.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The stock has a market capitalization of $35.18 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 5.75 and a beta of 0.94.
Fomento Económico Mexicano (NYSE:FMX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter. The firm had revenue of $11.54 billion for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. Research analysts forecast that Fomento Económico Mexicano will post 5.39 EPS for the current fiscal year.
About Fomento Económico Mexicano
Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.
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